Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research

NBER Working Paper No. 12663Issued in November 2006, Revised in January 2007

---- Acknowledgments ----

*Neumark is Professor of Economics at the University of California at Irvine, a Research Associate at the National Bureau of Economic Research, and a Research Fellow at IZA. Wascher is Deputy Associate Director in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. We thank Jennifer Graves for research assistance, and Dan Aaronson, Dale Belman, Jared Bernstein, Mike Campolieti, Ana Rute Cardoso, Kenneth Couch, Wendy Cunningham, Harry Holzer, Lazaros Karageorgiou, Andrew Leigh, William Maloney, Tom Michl, Pedro Portugal, Nicholas Potter, Michael Reich, Joseph Sabia, Bradley Schiller, Per Skedinger, Walter Wessels, David Wise, and an anonymous reviewer for helpful comments. The views expressed are the authors' and do not necessarily reflect those of the Federal Reserve Board or the National Bureau of Economic Research.